EABCN – EUI Joint Conference on
Advances in monetary policy and the natural rate interest
Hosted by the European University Institute
Organizers:
Eleonora Granziera (Norges Bank)
Barbara Rossi (EUI, UPF and CEPR)
The natural rate of interest is the short-term interest rate that would prevail when the economy is at full employment and stable inflation. The natural rate of interest therefore is a crucial guidepost for monetary policy. However, it cannot be observed directly and thus it has to be estimated. The conference covers a broad range of themes around empirical methods for estimating the natural rate of interest as well as theoretical models. It thus will bring together recent contributions in this area of research, including studies with a strong theoretical basis and empirical papers.
A non-exclusive list of examples of relevant topics includes:
- Empirical estimates of the natural rate of interest
- Interest rates and monetary policy
- Long-run inflation and unemployment
- The economic deteminants of the natural rate of interest in the long-run
Ricardo Reis (London School of Economics) is the confirmed invited speaker, and we welcome further relevant submissions.
The conference is organized by Barbara Rossi (EUI, UPF and CEPR) and Eleonora Granziera (Norges Bank). The event will take place on September 12, 2025: it is hosted by the European University Institute (Florence) and sponsored by the EABCN. Funding is available for travel expenses for academic participants presenting their work. Expenses will be reimbursed according to the standard CEPR travel guidelines.
